Meme-Inspired Cryptocurrency Experiences Spectacular Value Surge
Release: 2024/03/16 04:34 Reading: 517
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The Book of Meme token (BOME), developed by the artist Darkfarms known for the Pepe meme, witnessed a remarkable value increase, multiplying its worth by twenty times in just a span of three hours. This boost propelled the digital currency’s market capitalization to a staggering 400 million dollars. Commencing on March 13th, the BOOK OF MEME initiative welcomed prospective buyers to partake in its pre-sale by sending arbitrary amounts of the cryptocurrency Solana (SOL) to a specified address.
BOME Attracts Massive Pre-Sale Interest
The token quickly garnered significant attention, particularly from the Chinese and English-language communities, amassing a pre-sale total of 10,131 SOL, which far exceeded Darkfarms’ anticipated 500 to 600 SOL. The overwhelming pre-sale success led to a community poll to determine the best use of the funds.
Subsequent to the pre-sale, Darkfarms allocated the funds into a liquidity pool, establishing BOME’s initial price at a mere $0.0000496. The market saw substantial orders of up to 100 SOL, creating a liquid environment and catapulting the price to a peak of $0.0012. As a direct consequence, the token’s market value soared to 375 million dollars.
In response to BOME’s sharp uptick, exchanges such as BitMart and HTX have signaled their intention to list the token. BitMart confirmed that it would introduce the altcoin with an inaugural trading pair against USDT.
BOME: A Meme Coin Built on Innovation and Community
BOME, structured on the Solana blockchain, offers a dynamic e-magazine, a meme generator, and a comprehensive library of NFTs. It leverages Arweave, IPFS, and Inscriptions for data management, and is positioned as a social platform for decentralized storage spanning multiple blockchains. Looking ahead, there are plans to bind all meme-related content using a single NFT.
This upturn in BOME’s fortunes is part of a wider trend in the booming meme coin space, which has recently achieved a cumulative market capitalization of 40 billion dollars. Notably, Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF) have captured public attention, with WIF notably surging 45% to a record high of $3.45. Conversely, Solana’s increasing popularity has also drawn nefarious elements, with reports of scam attacks targeting user wallets coming to light from the security firm BlockAid two months prior.
The post first appeared on BH NEWS: Meme-Inspired Cryptocurrency Experiences Spectacular Value Surge
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